Current economic projections/outlooks tend to fall in line with a slight decline of about 1%-1.8% year over year until the state gets it's budget on point or oil rebounds.UAF is also a smaller community, with a heavy military and college presence, so you should be fine.

@Terry Hughes..Most of my BEST deals happened when everyone else stood by.  2007/2008/2009 in my market..All my offers were accepted with little or no competition(HUD()Fannie Mae)..Perform Due Diligence, Run the numbers and Take action......GL

Hi Everyone -I know it's still a tough/competitive market out there but was wondering if anyone could share their experience with putting an offer on a Multi-family home with an FHA loan?

This community owner and management team have set up their own in house sales and construction team and have attempted to refuse any outside competition. 

Yes, the property taxes are a killer and the competition is unreal which is why I invest out of state (Alabama, Georgia, Ohio, and now looking in Florida) Property taxes are nothing in Alabama as I paid less than $700 in property taxes on my house in Birmingham. 

Orlando's getting so competitive that unless your a cash buyer it's hard to get deals accepted.

Might be useful if trying to submit more competitive offers to beat other VA loans and then doing an IRRRL.

I have not heard many good things about California but there are still some good deals out there you just have to work smarter and quicker than your competition.  

@John Casmon Scott Matthew C.Hey All -Much appreciated on the feedback, this has been really helpful.To paint a full picture, the original offer was based on verbal numbers and rules of thumb while placing a heavy emphasis on due diligence.  

Sure, Clayton is right that if your contacts in St Louis aren't in the business then you don't have much of a competitive advantage, but they could recommend people they trust already AND St Louis is a good market anyhow so no need to necessarily look farther.